希腊10年期国债 (Greece10Y) 加自选

希腊的经常账户盈余从去年同月的3.13亿欧元扩大到2025年8月的10.97亿欧元，这是自2024年1月以来的最大盈余。这一改善主要是由于服务盈余增加，从43亿欧元增加到44亿欧元，旅游收入增长10.5%（45.2亿欧元对40.9亿欧元），而商品赤字从27亿欧元缩小到22亿欧元。与此同时，主要收入缺口从2024年8月的11亿欧元降至8亿欧元。相比之下，次级收入赤字从27亿欧元扩大到31亿欧元。1月至8月期间，经常账户赤字同比下降至21亿欧元，为66亿欧元。

Greece’s current account surplus widened to €1,097 million in August 2025 from €313 million in the same month last year, marking the largest surplus since January 2024. The improvement was largely driven by a higher services surplus, which rose to €4.4 billion from €4.3 billion, supported by a 10.5% increase in tourism revenues (€4.52 billion vs €4.09 billion), while the goods deficit narrowed to €2.2 billion from €2.7 billion. At the same time, the primary income shortfall decreased to €0.8 billion from €1.1 billion in August 2024. In contrast, the secondary income deficit expanded to €3.1 billion from €2.7 billion. For the January-August period, the current account deficit decreased to €2.1 billion year-on-year, standing at €6.6 billion.

2025年8月，希腊工业生产同比下降2.9%，这是四个月来最大的收缩，延续了上个月0.5%的下降。经济衰退的主要原因是制造业产出逆转下降（7月份为-0.8%对0.6%），电力（-8.9%对-3.9%）和供水（-6.8%对-4.5%）进一步收缩，而采矿和采石业的增长放缓（2.4%对2.7%）。按工业类别划分，消费品非耐用品（-3.9%对-3.1%）和能源（-7.4%对-3.8%）的产出进一步下滑，而中间产品的增长放缓（0.7%对6.3%）。相反，耐用消费品的生产反弹（9.3%对-15.1%），资本货物的生产加速（19.0%对9.1%）。经季节性调整的月度数据显示，8月份工业产出下降4.1%，扭转了7月份0.4%的增长。

Industrial production in Greece fell 2.9% year-on-year in August 2025, marking the steepest contraction in four months and extending the 0.5% decline in the previous month. The downturn was mainly driven by manufacturing output reversing to a decline (-0.8% vs 0.6% in July), alongside further contractions in electricity (-8.9% vs -3.9%) and water supply (-6.8% vs -4.5%), while growth in mining and quarrying slowed (2.4% vs 2.7%). By industrial group, output slipped further in consumer non-durables (-3.9% vs -3.1%) and energy (-7.4% vs -3.8%), while growth slowed in intermediate goods (0.7% vs 6.3%). Conversely, production rebounded in consumer durables (9.3% vs -15.1%) and accelerated in capital goods (19.0% vs 9.1%). On a seasonally adjusted monthly basis, industrial output declined 4.1% in August, reversing a 0.4% growth in July.

2025年9月，希腊的年通货膨胀率上升至1.9%，低于上个月的2.9%。这是自2023年9月以来的最低水平，主要是由于大多数子指数的价格增长放缓，如食品和非酒精饮料（1.4%对7月份的2.2%）、酒精饮料和烟草（1%对1.2%）、服装和鞋类（5.2%对7.7%）、住房（0.2%对3.7%）、住房设备（0.4%对0.6%）、健康（0.1%对0.6%），娱乐和文化（1%对12%）以及酒店、咖啡馆和餐馆（5.9%对6.2%）。与此同时，杂项商品和服务的成本下降（-0.4%对0.2%）。相反，运输价格上涨（2.7%对1.6%）。按月计算，9月份消费者价格指数从上一时期的0.1%上涨了0.8%。

The annual inflation rate in Greece rose to 1.9% in September 2025, slowing from 2.9% in the previous month. This marked the lowest reading since September 2023, driven largely by lower price growth in most sub-indices, such as food and non-alcoholic beverages (1.4% vs 2.2% in July), alcoholic beverages and tobacco (1% vs 1.2%), clothing and footwear (5.2% vs 7.7%), housing (0.2% vs 3.7%), housing equipment (0.4% vs 0.6%), health (0.1% vs 0.6%), recreation and culture (1% vs 1.2%), and hotels, cafés, and restaurants (5.9% vs 6.2%). At the same time, costs fell for miscellaneous goods and services (-0.4% vs 0.2%). Conversely, prices grew for transport (2.7% vs 1.6%). On a monthly basis, consumer prices increased by 0.8% in September from 0.1% in the preceding period.

由于进口下降超过出口，希腊的贸易逆差从去年同期的26亿欧元缩小到2025年8月的21亿欧元。这标志着自2021年5月以来贸易逆差最小，进口同比下降13%，至55亿欧元，受欧盟（-2.4%）和非欧盟国家（-22.6%）采购减少的影响。与此同时，由于对欧盟（-7.7%）和非欧盟国家（-10.3%）的销售额大幅下降，出口额下降8.9%，至34亿欧元。考虑到1月至8月，该国的贸易逆差从去年同期的222亿欧元缩小到217亿欧元。

The trade deficit in Greece narrowed to EUR 2.1 billion in August 2025 from EUR 2.6 billion in the corresponding month of the previous year, as imports fell more than exports. This marked the smallest trade gap since May 2021 as imports dropped by 13% year-on-year to EUR 5.5 billion, weighed down by reduced purchases from both the EU (-2.4%) and non-EU countries (-22.6%). Meanwhile, exports decreased by 8.9% to EUR 3.4 billion amid sharp declines in sales to both the EU (-7.7%) and non-EU countries (-10.3%). Considering January-August, the country’s trade gap narrowed to EUR 21.7 billion from EUR 22.2 billion in the same period last year.